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January 2016

Found 3 blog entries for January 2016.

CREB® forecasts downward pressure on prices in 2016.

by CREB on January 12, 2016  

With no economic change on the horizon, demand for housing in Calgary will be weak in 2016, as sales activity is expected to fall by 2.2 per cent to 18,416 units, CREB® said today in its annual forecast. The annualized benchmark price is expected to decline by 3.44 per cent to $438,652.

Weak demand and supply gains are expected in 2016, adding to an already elevated level of inventory. In this situation, the markets ability to effectively absorb more inventory will be limited, resulting in some downward price pressure across all housing sectors.

 “As we move into the second year of this environment, we expect to see additional housing supply pressure

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Evanston Real Estate, we SOLD 651 Evanston Drive NW, Calgary Alberta. Calgary Real Estate. Stunning fully finished walkout with over 3500 sq ft living space in Evanston and high end luxurious finishings throughout! 5 bedrooms and 5 full bathrooms! Hardwood flooring flows through the open concept main floor w/9 ft ceilings on all levels & a soaring 19 ft open ceiling in great room. Cozy gas fireplace, wall unit & huge windows that fill the home with natural light. Dream kitchen w/ quartz counters, commercial grade DCS and Jenn Air appliances, built in wall and microwave oven, 5 burner gas cooktop with pot filler, mosaic tile backsplash, and huge island open to dining room with wall to wall balcony! Main floor bedroom w/ 4pc ensuite. Upstairs hosts

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Wondering what is really happening right now with Calgary's home prices?  

Housing Market Shifted Toward The Holiday Season!

In December monthly inventory levels declined as expected yet they were still 28 % higher than the same time last year and at the highest December level recorded since 2008. The apartment and attached sectors were notably up which neared the highest December total on record.  

While December prices for both the detached and attached sectors were lower than levels recorded at beginning of 2015, on the annual average basis they remained 1.35% and 1.84% above 2014 numbers.

The detached benchmark price for December is $508,700 a decrease of 1.91 % year-over-year. The apartment benchmark price is $285,500 a decrease of 4.96% and the

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